<span>Products that customers consider essentials or necessities tend to have less elasticity than products viewed as luxury or discretionary. If a customer believes he needs a certain product for survival, quality of life, or pleasure, he is more likely to stretch a bit to purchase the item if the price goes up. On the contrary, a product viewed as optional is a less likely purchase as the price increases because the customer believes he can live without it.Customer OptionsThe more options a customer has to meet a particular functional or emotional need, the more elastic a product's demand. This is why a company with a monopoly has a huge advantage. Customers don't have options and feel compelled to buy from the given provider. In highly competitive industries, price differentials are usually less among competing brands because of the ability customers have to select lower-priced alternatives. A closely related factor is the cost of switching brands. Cell phone customers often wait to change providers to avoid penalties if they are obligated to service contracts.
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Answer:
Vast deserts border the nile to the east and west.
During the Revolution, men were off fighting for the new nation. Many of them had to take out loans to keep their farms going in their absence. After the war, the creditors wanted their money. Sometimes the states backed the debtors and ordered the creditors to forgive the debts. But, sometimes they backed the creditors and the peoples' farms - their homes - were foreclosed. Many men were put in debtor prison until family members could come up with the money to get them out.
The new nation was in a horrible crisis with inflation. The war had been financed by loans from Spain and France. The money had to be repaid, but because of the Revolution, a lot of business was lost from the former colonies. Trade with the British West Indies was gone. The new government asked the states for more money, but they said no.
The answer was to print more money, but of course, that never works. It made the money less and less valuable. So now the people had fistfuls of worthless money. So now you have all of these farmers, who had fought in the Revolution, unable to keep their farms. Now they cannot feed their family and they have no property, which at that time meant in most states they could not vote.
